UNIVERSITY OF MARY WASHINGTON (UMW)
Preliminary Analysis of House and Senate Budget Amendments
HB 1500 and SB 800
February 6, 2011
Introduced Budget
A. Compensation
1. Retirement Contributions - VRS
- Requires all VRS employees to contribute 5%
of salary in place of employer contributions.
- Captures nongeneral funds savings associated
with the reduction in the employer contribution.
2. Retirement Contributions - ORP
- Reduces the employer ORP contribution from
10.4% of compensation to 8.5%.
3. Optional VRS Retirement Plan
- No similar action.
4. Salary Increase
- Recommends a 3% permanent salary increase
for all VRS employees effective July 1, 2011.
No increase for ORP employees.
5. Employee Bonus
- Provides for a 2% bonus for all employees on
December 1, 2011, contingent upon the state
ending the FY2011 fiscal year with a general
fund balance exceeding twice the general fund
cost of the bonus.
B. Operating Budget
1. Higher Education Performance & Innovation Pool
- Establishes $50 million pool to be allocated on
a competitive basis for enrollment, retention,
graduation, STEM, financial aid, on-line courses,
and classroom technology.
Office of Budget and Financial Analysis
House Amendments
Senate Amendments
- No change to introduced budget.
- Eliminates the 5% contribution requirement
contained in the introduced bill.
- Allows nongeneral fund savings to be retained
by agencies and institutions.
- No related action.
- Holds the employer contribution rate at 10.4%.
- Holds the employer contribution rate at 10.4%.
- Establishes an optional defined contribution
retirement plan administered by VRS.
- No similar action.
- Recommends a 5% permanent salary increase
for all VRS employees effective June 25, 2011.
- Eliminates 3% salary increase for VRS
employees.
- No change.
- Eliminates 2% bonus.
- Eliminates the $50 million pool and reallocates
directly to institutional budgets. For UMW,
the recommended allocation is $1,856,000.
- Eliminates all but $3.1 million of the $50 million
pool and reallocates to institutions in central
accounts. For UMW, allocations include
$434,948 for base adequacy, $224,672 for
operating costs for new space and $105,449
for need based student aid for Virginia students.
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February 10, 2011
UNIVERSITY OF MARY WASHINGTON (UMW)
Preliminary Analysis of House and Senate Budget Amendments
HB 1500 and SB 800
February 6, 2011
Introduced Budget
2. Dahlgren Education and Research Center
- Recommends $1.0 million increase in general
funds for FY12. Also, establishes a separate
state program outside of E&G to record funding
and expenses.
3. ARRA Funding Adjustment
- Recommends additional allocation of federal
stimulus funding to UMW of $77,439 for FY11.
4. Higher Education Reduction Pool
- Maintains higher education reduction pool of
$10 million in FY12 as adopted by the 2010
G
General
l Assembly.
A
bl Institutional
I tit ti l allocations
ll ti
are not identified.
5. Virginia Research & Technology Investment Fund
- Allocates $25 million to be used for grants or
loans to support innovation and commercialization
of research and to increase applied technology
research capabilities of institutions.
6. Other Revenue Adjustments
- Restores higher education restructuring
allocations for interest earned on tuition and
- fees and credit card rebates. The estimated
allocation for UMW is $135,000 annually.
7. Out-of-State Capital Outlay Fee
- No action.
Office of Budget and Financial Analysis
House Amendments
Senate Amendments
The remaining $3.1 million is set aside to
enhance on-line course availability and will be
distributed on a competitive basis.
- No change.
- No change.
- No change.
- No change.
- No change.
- Eliminates $10 million reduction pool.
- Reduces Investment Fund to $10 million, with
$15 million allocated directly to institutional
budgets as indicated in B.1 above.
- Eliminates Research & Technology Investment
Fund and allocates $10 million to establish the
Commonwealth Research Commercialization
Fund.
- No change.
- No change.
- Recalculates each institution's revenue
requirement based on updated out-of-state
student credit hours. Reduces UMW's
requirement by $49,485 in FY12.
- No change.
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February 10, 2011
UNIVERSITY OF MARY WASHINGTON (UMW)
Preliminary Analysis of House and Senate Budget Amendments
HB 1500 and SB 800
February 6, 2011
Introduced Budget
8. Higher Education Equipment Trust Fund (HEETF)
- Reduces UMW's annual allocation from
$631,660 in FY10 to $528,581 in each year of
the 2010-12 biennium, contingent upon the
Commonwealth's debt capacity.
House Amendments
Senate Amendments
- No change.
- No change.
- No change.
- No change.
2. Dahlgren Education and Research Center
- Provides $4.5 million for equipment, contingent
upon
p the Commonwealth's debt capacity.
p y
- No change.
- No change.
3. Convergence Center
- Identifies this project as potentially eligible for
funding assuming sufficient debt capacity.
- No change.
- No change.
- No change.
- No change.
- No change.
- No change.
C. Capital Outlay
1. Maintenance Reserve
- Allocates $562,604 to UMW in FY12,
contingent upon the Commonwealth's debt
capacity.
4. New Student Center / Dining Hall
- Authorizes additional UMW debt of $45.0 million
to renovate or construct a new Student Center /
Dining Hall facility. (Governor's amendment)
5. Land Acquisition
- Authorizes UMW to allocate up to $5.0 million
for the acquisition of property adjacent to the
campus and consistent with the Master Plan.
(Governor's amendment)
Office of Budget and Financial Analysis
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February 10, 2011